TD Securities Reiterates Buy Rating for Bonterra Energy Corp (BNE)
Bonterra Energy Corp (TSE:BNE)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Securities in a research note issued on Thursday. They presently have a C$32.00 price target on the stock. TD Securities’ price target indicates a potential upside of 38.71% from the stock’s current price.
Several other equities research analysts also recently commented on BNE. National Bank Financial decreased their price objective on Bonterra Energy Corp from C$30.00 to C$27.50 in a report on Wednesday, August 3rd. Dundee Securities boosted their price objective on Bonterra Energy Corp from C$27.25 to C$27.75 in a report on Thursday, August 11th. Finally, Scotiabank restated a “sector perform” rating and set a C$28.50 price objective on shares of Bonterra Energy Corp in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$28.28.
Shares of Bonterra Energy Corp (TSE:BNE) opened at 23.07 on Thursday. The firm’s market cap is $747.19 million. Bonterra Energy Corp has a 12-month low of $11.71 and a 12-month high of $29.63. The stock’s 50 day moving average price is $25.51 and its 200-day moving average price is $25.76.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 30th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.20%.
About Bonterra Energy Corp
Bonterra Energy Corp. (Bonterra) is an oil and gas company that is primarily focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company operates in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment.
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